ATLANTA — Home Depot says customers are delaying larger renovation projects because of higher interest rates and economic uncertainty. Still, the Atlanta-based home improvement retailer reports homeowners are continuing to take on smaller job renovations.
The company reported second-quarter profit of more than $4.5 billion on revenue of over $45 billion. Same-store sales rose 1 percent, though overall results came in slightly below Wall Street expectations.
Home Depot is sticking with its full-year forecast, projecting sales growth of about 2.8 percent. Wall Street is also awaiting earnings results from Walmart and Target, both set to report later this week.
